1Q 2015 Fornebu, April 29, 2015
Luis Araujo and Svein Stoknes
2015 Aker Solutions Preferred partner
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First-Quarter Results 2015 Slide 2 April 29, 2015
2015 Aker Solutions Preferred partner
Agenda | 1Q 2015
April 29, 2015 First-Quarter Results 2015 Slide 3
Financials
Svein Stoknes Chief Financial Officer
Introduction
Luis Araujo Chief Executive Officer
Q&A Session
2015 Aker Solutions Preferred partner
Key Developments
Solid topline growth as sales rose in most
business areas
Profit margins narrowed amid tougher
commercial environment
Slow start to year for subsea services,
particularly in North Sea
MMO capacity adjusted to counter slowdown
in Norway
Major projects progressed as planned
Healthy order backlog of NOK 48 billion
Strong focus on operational improvements
and cost control
Executive management team changes to
strengthen operations
April 29, 2015 First-Quarter Results 2015 Slide 4
2015 Aker Solutions Preferred partner
0
2
4
6
8
10
1Q 2Q 3Q 4Q 1Q0
20
40
60
1Q 2Q 3Q 4Q 1Q
Key Figures | 1Q 2015
0
5
10
15
20
25
1Q 2Q 3Q 4Q 1Q0,0
0,2
0,4
0,6
1Q 2Q 3Q 4Q 1Q
Order intake and backlog NOK billion
Revenue and EBIT NOK billion
Revenue EBIT Intake Backlog
8.5
0.4
9.0
48.3
2014 2015 2014 2015 2014 2015 2014 2015
April 29, 2015 First-Quarter Results 2015 Slide 5
2015 Aker Solutions Preferred partner
Focus on Operational Excellence and Cost Control
April 29, 2015 First-Quarter Results 2015 Slide 6
Steady progress on cost-savings
programs in all areas
Major push to improve quality
and efficiency in execution
Deeper synergies pursued
throughout business
Focus on developing solutions to
lower costs, improve productivity
for customers
Collaboration with clients to
achieve operational, cost-savings
improvements
2015 Aker Solutions Preferred partner
Outlook
Continued market uncertainty and
challenging commercial environment
amid concern over capital constraints
Steady tendering in main markets,
though seeing projects postponed
North Sea activity sluggish next 1-2
years, projects like Johan Sverdrup to
support industry
Healthy order intake provides position
of strength in current market
Aker Solutions well placed to capture
long-term, global subsea market
growth
Company vigilant about costs,
workforce capacity in all areas
April 29, 2015 First-Quarter Results 2015 Slide 7
2015 Aker Solutions Preferred partner
Agenda | 1Q 2015
April 29, 2015 First-Quarter Results 2015 Slide 8
Financials
Svein Stoknes Chief Financial Officer
Introduction
Luis Araujo Chief Executive Officer
Q&A Session
2015 Aker Solutions Preferred partner
1Q 2015 | Consolidated Income Statement
Year-on-year revenue growth for 1Q 2015 reached 14%
1Q 2015 EBITDA (excluding one-off items) reached NOK 647 million, equivalent to a margin of 7.6%
1 As a result of capacity adjustment in MMO, a NOK 52 million provision for onerous leases was made in the quarter. The adjustment was taken at corporate level and does not
impact MMO directly. In addition NOK 4 million in demerger cost was booked in the quarter.
2 NOK 26 million of impairments related to subsea technology was booked in the quarter.
.
April 29, 2015 First-Quarter Results 2015 Slide 9
(NOK million) 1Q 15 1Q 14 2014 2013
Operating revenue and other income 8,500 7,482 32,971 29,058
EBITDA 5911 666 2,675 2,079
EBITDA (excl. non-recurring items) 647 666 2,749 2,079
Of which related to hedging (18) 28 (86) (76)
Depreciation and amortization (183) (145) (665) (499)
EBIT 4092 521 2,010 1,580
EBIT (excl. non-recurring items) 491 521 2,158 1,580
Net financial items (82) (24) (244) (183)
FX on disqualified hedging instruments 11 (106) 51 180
Profit before tax 338 391 1,817 1,577
Tax (118) (108) (516) (397)
Net income 220 283 1,300 1,181
Basic earnings per share (NOK) 0.79 1.03 4.71 4.31
2015 Aker Solutions Preferred partner
1Q 2015 | Financial Position
Net interest-bearing debt was NOK 889 million, gross debt reached NOK 3.7 billion
Financial leverage was 0.3x and gearing 15%, remaining well below policy of 1 x net interest-
bearing debt / EBITDA and less than 50% net interest-bearing debt / equity
Robust total liquidity buffer of NOK 6.8 billion
ROACE of 17.3%
NOK million
Debt maturity profile ROACE performance (%)
Note: Revolving credit facility of NOK 4 billion, drawn NOK 0
billion, maturing in 2019
Note: ROACE is based on a five quarter average net capital
employed
25%
17% 18% 17%
0%
10%
20%
30%
2012 2013 2014 1Q 15
April 29, 2015 First-Quarter Results 2015 Slide 10
0
1 000
2 000
3 000
4 000
5 000
6 000
2015 2016 2017 2018 2019 2020 2021 2022
Drawn debt Undrawn credit facilities
2015 Aker Solutions Preferred partner
1Q 2015 | Consolidated Cashflow, Capex and NCOA
-1 000
-500
0
500
1 000
1 500
2 000
2 500
3 000
3 500
1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15
1Q 2015 cashflow from operations negative NOK 414 million
Working capital (NCOA) at end of 1Q reached NOK 90 million, showing expected increase versus 4Q
2014 on major project progress
Cashflow from investing activities of NOK 227 million, with capital expenditure accounting for NOK
118 million and capitalized development costs accounting for NOK 109 million
Net current operating assets NOK million
OB cash and
cash
equivalents
Cashflow
from
operating
activities
IB cash and
cash
equivalents
Cashflow
from
investing
activities
Cashflow
from
financial
activities
Currency
translation
effect
3339
(414) (227)
95 22 2,816
April 29, 2015 First-Quarter Results 2015 Slide 11
Cashflow NOK million
2015 Aker Solutions Preferred partner
Subsea
Strong 1Q 2015 revenue growth to NOK 5.1
billion, up 23.7% vs. 1Q 2014
Main driver was progress on major projects in
Norway, Angola, Congo and Brazil
1Q 2015 EBIT margins decreased slightly to
7.0% from 7.2% a year earlier
3,8
4,0
4,0
4,3
0,0
2,0
4,0
6,0
2012
2013
2014
1Q
15
19,3
4,1
4,7
5,1
5,5
5,1
0,0
4,0
8,0
12,0
16,0
20,0
2014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
2,1
0,4
0,5
0,5
0,6
0,5
11%
10%
12%
11%
11%
10%
9%
10%
10%
11%
11%
12%
12%
0,0
0,5
1,0
1,5
2,0
2,5
2014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
17%
15%
27%
28%
0%
10%
20%
30%
2012
2013
2014
1Q
15
1,5
0,3
0,4
0,4
0,4
0,4
8% 7%
9%
8% 8% 7%
(6%)
(3%)
0%
3%
6%
9%
12%
0,0
0,5
1,0
1,5
2,02014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
Revenue
NOK billion
EBITDA and margin
NOK billion, %
EBIT and margin1
NOK billion, %
Net capital employed
NOK billion
ROACE
%
Order intake in 1Q 2015 down 55% versus 1Q
2014 to NOK 2.0 billion, 0.4x book-to-bill
End 1Q 2015 order backlog was up 26.8%
year-on-year to NOK 30.4 billion
Key financial KPIs: ROACE and EBIT margins
April 29, 2015 First-Quarter Results 2015 Slide 12
1 EBIT excluding one off-items was NOK 379 and the EBIT margin excluding one off-items was 7.5% in 1Q 2015
2015 Aker Solutions Preferred partner
MMO
1Q 2015 Revenue down 4.6% vs. last year to
NOK 2.5 billion
1Q 2015 EBITDA margins of 2.4%, lower versus
1Q 2014 and 4Q 2014
Continued activity slowdown on the NCS
International tendering activity was steady,
especially in the UK
(1,7
)
(0,8
)
(0.1
)
0,1
(2,0)
(1,6)
(1,2)
(0,8)
(0,4)
0,0
0,4
2012
2013
2014
1Q
15
10
2.6
2,5
2,4
2,5
2,5
0,0
2,0
4,0
6,0
8,0
10,0
12,0
2014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
0,4
0,2
0,1
0,1
0,1
0,1
4%
7%
2%
3%
4%
2%
0%
3%
6%
9%
0,0
0,2
0,4
0,6
0,8
1,0
2014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
0,3
0,2
0,0
0,1
0,1
0,0
3%
6%
2% 2%
4%
2%
0%
3%
6%
9%
12%
0,0
0,3
0,6
0,9
1,22014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
Revenue
NOK billion
EBITDA and margin
NOK billion, %
EBIT and margin
NOK billion, %
Net capital employed
NOK billion
Order intake & Backlog
NOK billion
Order intake in 1Q 2015 up 85% versus 1Q
2014 to NOK 2.2 billion, 0.9x book-to-bill, driven
by markets outside of Norway
End 1Q 2015 order backlog decreased 7.1%
year on year to NOK 12.5 billion
Key financial KPIs: EBITDA margin and nominal
EBITDA
April 29, 2015 First-Quarter Results 2015 Slide 13
7,0
1,2
2,3
1,1
2,5
2,2
12,7
13,5
13,4
12,0
12,7
12,5
0,0
2,0
4,0
6,0
8,0
10,0
12,0
14,0
16,0
20
14
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
Intake
Backlog
2015 Aker Solutions Preferred partner
Engineering
Revenue growth of 20.6% vs. last year, reaching
NOK 1 billion in 1Q 2015
Main driver was good progress on key projects
in Norway and Asia
1Q 2015 EBITDA margins improved to 12.0%
versus 10.5% a year earlier, due to good
execution and improved capacity utilization
(0,1
)
0.5
0,1
0,3
-0,2
-0,1
0,0
0,1
0,2
0,3
0,4
0,5
0,6
2012
2013
2014
1Q
15
3,9
0,9
0,9
0,9
1,3
1,0
0,0
1,0
2,0
3,0
4,0
2014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
0,5
0,1
0,1
0,1
0,2
0,1
12%
11%
9%
12%
15%
12%
0%
5%
10%
15%
20%
0,0
0,2
0,4
0,6
0,8
2014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
0,4
0.1
0,1
0,1
0,1
0,1
10% 9%
9%
10% 10% 11%
0%
5%
10%
0,0
0,2
0,42014
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
Revenue
NOK billion
EBITDA and margin
NOK billion, %
EBIT and margin
NOK billion, %
Net capital employed
NOK billion
Order Intake & Backlog
NOK billion
Strong increase for 1Q 2015 order intake to NOK
4.9 billion, driven by the Johan Sverdrup EPma
award, equivalent to 4.7x book-to-bill
End 1Q 2015 order backlog 154% higher vs. last
year at NOK 5.5 billion
Key financial KPIs: EBITDA margin and nominal
EBITDA
April 29, 2015 First-Quarter Results 2015 Slide 14
3,1
0,4
0,8
0,9
1,1
4,9
2,0
2,2
2,1
2,1
2,0
5,5
0,0
1,0
2,0
3,0
4,0
5,0
6,0
20
14
1Q
14
2Q
14
3Q
14
4Q
14
1Q
15
Intake
Backlog
2015 Aker Solutions Preferred partner
Good Visibility From Strong Order Backlog1
-
10
20
30
40
50
60
1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15
SUB MMO ENG
Order backlog by business area1 NOK billion
End 1Q 2015 Order backlog by region1 NOK billion
33%
6%
5%
34%
11%
10%
Africa
Asia Pacific
North America
Norway
United Kingdom
South America
39,6
53,9
49,0
48,3
48,3
5,9
21,4
3,6
6,2
9,0
0
10
20
30
40
50
60
1Q 14 2Q 14 3Q 14 4Q 14 1Q 15
Order backlog Order Intake
18,1 17,8
8,3 4,2 0
5
10
15
20
2015 2016 2017 2018
Potential additional revenue from existing agreements Firm backlog
1Q 2015 Order backlog by execution date
NOK billion
Order backlog and intake evolution
NOK billion
1 Firm backlog only, excludes majority of service business and potential additional
revenue from existing agreements
April 29, 2015 First-Quarter Results 2015 Slide 15
2015 Aker Solutions Preferred partner
Financial Guidance
April 29, 2015 First-Quarter Results 2015 Slide 16
Revenue Balance sheet
Margins and returns Financial policy Gearing target: Net interest-bearing debt /
EBITDA 1
Gearing policy: Net interest-bearing debt / Equity < 0.5
Dividend payments should over time amount to 30 - 50% of net profit
We aim to gradually move toward peer group margin levels in Subsea
We expect continued robust margins in Engineering, gradual recovery in MMO
We aim for Subsea ROACE of 20 - 25% over medium term
Positive long-term offshore, deepwater outlook
Near-term uncertainty on award timings
Aim to at least maintain market share in main subsea, field design markets
Maintenance capex / R&D 3% of revenue
Current major capex expansion plans to be finished in 2015
Working capital: likely to fluctuate around large project work but on average will be
5 - 7% of group revenue
2015 Aker Solutions Preferred partner
Agenda | 1Q 2015
April 29, 2015 First-Quarter Results 2015 Slide 17
Financials
Svein Stoknes Chief Financial Officer
Introduction
Luis Araujo Chief Executive Officer
Q&A Session
Additional information 1Q 2015
2015 Aker Solutions Preferred partner
Consolidated income statement
April 29, 2015 First-Quarter Results 2015 Slide 19
NOK million
Income statement consolidated 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Operating revenue and other income 7,317 7,435 6,758 7,548 29,058 7,482 8,060 8,274 9,155 32,971 8,500
EBITDA 469 431 519 661 2,079 666 608 615 786 2,675 591
Of which related to hedging (7) (29) (5) (35) (76) 28 (25) 2 (91) (86) (18)
Depreciation and amortization (99) (109) (116) (175) (499) (145) (136) (156) (228) (665) (183)
Profit before financial items EBIT 370 322 403 486 1,580 521 472 460 557 2,010 409
Net financial items (37) (27) (55) (64) (183) (24) (19) (4) (197) (244) (82)
Foreign exchange on disqualified hedging instruments (16) 102 53 41 180 (106) 73 (32) 115 51 11
Profit after financial items 317 396 400 463 1,577 391 526 424 476 1,817 338
Tax (80) (97) (100) (120) (397) (108) (137) (154) (117) (516) (118)
Net profit 237 300 301 343 1,181 283 388 270 359 1,300 220
EBITDA margin 6.4 % 5.8 % 7.7 % 8.8 % 7.2 % 8.9 % 7.5 % 7.4 % 8.6 % 8.1 % 7.0 %
Basic earnings per share (NOK) 0.87 1.09 1.10 1.25 4.31 1.03 1.41 0.97 1.30 4.71 0.79
2015 Aker Solutions Preferred partner
Consolidated assets & debt and equity
April 29, 2015 First-Quarter Results 2015 Slide 20
NOK million
Assets 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015
Property, plant and equipment 2,539 2,691 2,814 3,072 3,067 3,180 3,203 3,603 3,586
Intangible assets 5,057 5,253 5,131 5,524 5,585 5,731 5,810 6,143 6,238
Financial assets (non-current) 11 11 14 17 17 23 17 17 17
IB receivables (non-current) 0 0 0 0 3 6 15 9 10
IB receivables (current) 103 92 107 106 112 -0 299 82 8
Other current assets 12,837 12,792 11,993 12,792 12,591 13,805 15,732 14,197 14,381
Cash & bank deposits 2,577 2,560 3,055 4,463 4,041 4,009 1,064 3,339 2,816
Total Assets 23,125 23,398 23,112 25,975 25,416 26,754 26,139 27,391 27,055
Debt and equity 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015
Shareholder's equity 6,585 7,185 7,381 6,231 7,046 7,534 5,125 5,677 5,707
Minority interests 162 155 151 156 161 175 186 216 239
Non IB liabilities (non-current) 1,773 1,954 1,777 1,802 1,890 1,922 1,662 1,391 1,338
Interest bearing debt (non-current) 3,093 3,065 3,567 3,533 3,650 3,710 3,652 3,154 3,142
Non IB liabilities (current) 10,772 10,891 10,220 14,239 12,653 13,396 15,298 16,279 16,049
Interest bearing current liabilities 739 149 16 14 16 17 216 674 581
Total Liabilities and shareholder's equity 23,125 23,398 23,112 25,975 25,416 26,754 26,139 27,391 27,055
Net current operating assets, excluding held for sale 2,867 1,681 1,742 98 1,492 336 880 -688 90
Net interest bearing items 1,152 563 421 -1,023 -491 -288 2,491 397 889
Equity 6,747 7,340 7,532 6,387 7,207 7,710 5,310 5,893 5,945
Equity ratio (in %) 29.2 31.4 32.6 24.6 28.4 28.8 20.3 21.5 22.0
2015 Aker Solutions Preferred partner
Consolidated cashflow
April 29, 2015 First-Quarter Results 2015 Slide 21
NOK million
Cashflow 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2013 4Q 2014 FY 2014 1Q 2015
EBITDA continuing operations 488 439 567 668 2,162 623 587 617 785 2,675 591
Change in cashflow from operating activities (2,066) 1,117 (11) 1,457 497 (1,510) 1,239 (968) 1,271 (30) (1,005)
Net cashflow from operating activities (1,578) 1,556 556 2,125 2,659 (887) 1,826 (351) 2,057 2,645 (414)
Capital expenditure fixed assets (192) (224) (246) (334) (996) (132) (166) (203) (315) (816) (118)
Capital expenditure internal developement (97) (116) (118) (167) (498) (120) (115) (124) (195) (554) (109)
Proceeds from sale of businesses (2) 2 - - - - - - - - -
Acquisition of subsidiaries, net of cash acquired (621) (17) - 19 (619) - (15) - (36) (51) -
Cashflow from other investing activities 4 8 (14) 5 3 (4) 25 (28) 60 53 (0)
Net cashflow from investing activities (908) (347) (378) (477) (2,110) (256) (271) (355) (486) (1,368) (227)
Change in external borrowings (18) (528) 411 (1) (136) 88 (3) 119 (170) 34 107
Other financing activities - (5) - 5 - - 6 - (135) (129) (11)
Net contribution from (to) parent 1,902 (694) (86) (263) 859 626 (1,643) (2,349) 632 (2,734) -
Net cashflow from financing activities 1,884 (1,227) 325 (259) 723 714 (1,640) (2,230) 327 (2,829) 95
Translation adjustments 24 1 (8) 19 36 7 53 (9) 377 428 22
Net decrease (-) / increase (+) in cash and bank deposits (578) (17) 495 1,408 1,308 (422) (32) (2,945) 2,275 (1,124) (523)
Cash and bank deposits as at the beginning of the period 3,155 2,577 2,560 3,055 3,155 4,463 4,041 4,463 1,064 4,463 3,339
Cash and bank deposits as at the end of the period 2,577 2,560 3,055 4,463 4,463 4,041 4,009 1,518 3,339 3,339 2,816
2015 Aker Solutions Preferred partner
Split per segment
April 29, 2015 First-Quarter Results 2015 Slide 22
NOK million
Revenues 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Subsea 3,784 4,103 3,653 4,164 15,703 4,105 4,672 5,054 5,461 19,293 5,077
Field Design 2,999 3,183 2,935 3,385 12,502 3,404 3,408 3,210 3,688 13,710 3,467
Other 629 244 226 85 1,183 21 31 62 90 205 41
Eliminations (95) (94) (55) (85) (329) (48) (51) (52) (85) (236) (85)
Revenues 7,317 7,435 6,758 7,548 29,058 7,482 8,060 8,274 9,155 32,971 8,500
EBITDA 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Subsea 238 311 358 409 1,316 405 540 530 584 2,058 507
Field Design 238 244 208 270 959 258 143 174 293 868 183
Other (7) (124) (47) (18) (195) 3 (75) (88) (91) (252) (99)
EBITDA 469 431 519 661 2,079 666 608 615 786 2,675 591
EBIT 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Subsea 164 225 266 276 931 294 425 399 417 1,536 353
Field Design 215 223 186 231 855 233 131 142 220 725 154
Other (9) (126) (49) (21) (205) (5) (84) (82) (80) (251) (99)
EBIT 370 322 403 486 1,580 521 472 460 557 2,010 409
2015 Aker Solutions Preferred partner
Split per segment
April 29, 2015 First-Quarter Results 2015 Slide 23
NCOA 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015
Subsea 2,543 1,157 1,264 311 1,322 327 742 (332) 18
Field Design 117 352 268 (304) 275 250 532 71 212
Other 207 171 210 91 (105) (241) (394) (427) (140)
NCOA 2,867 1,681 1,742 98 1,492 336 880 (688) 90
Net capital employed 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015
Subsea 5,454 4,213 4,406 4,038 4,940 4,392 4,549 3,989 4,322
Field Design (152) 54 (26) (214) 62 (17) 299 11 384
Other 3,398 3,414 3,542 3,085 3,262 2,973 3,584 3,685 3,887
Net capital employed 8,700 7,681 7,922 6,908 8,264 7,347 8,432 7,685 8,593
Order intake 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Subsea 18,855 3,800 3,367 2,668 28,691 4,423 18,463 1,791 2,630 27,306 1,996
Field Design 4,870 2,524 1,959 6,628 15,982 1,508 2,993 1,859 3,539 9,899 7,045
Other 4 83 (36) (31) 20 17 11 27 134 190 50
Eliminations (92) (101) (49) (81) (323) (51) (59) (50) (100) (260) (81)
Order intake 23,637 6,307 5,242 9,184 44,370 5,897 21,408 3,626 6,203 37,135 9,010
Order backlog 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015
Subsea 26,191 25,393 25,165 23,584 23,973 38,508 35,015 33,702 30,401
Field Design 15,748 15,114 14,150 17,530 15,556 15,376 14,035 14,609 17,927
Other 620 459 197 83 79 59 (70) (15) (6)
Eliminations (17) (23) (16) (12) (14) (21) 9 (6) (3)
Order backlog 42,543 40,942 39,496 41,185 39,594 53,922 48,989 48,289 48,320
2015 Aker Solutions Preferred partner
Split per business area
April 29, 2015 First-Quarter Results 2015 Slide 24
NOK million
Revenues 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Subsea 3,784 4,103 3,653 4,164 15,703 4,105 4,672 5,054 5,461 19,293 5,077
Maintenance, Modifications and
Operations 2,267 2,509 2,296 2,599 9,671 2,583 2,546 2,403 2,474 10,005 2,465
Engineering 759 702 689 852 3,002 863 905 850 1,281 3,899 1,041
Eliminations (27) (29) (49) (66) (171) (43) (42) (44) (66) (195) (39)
Field Design 2,999 3,183 2,935 3,385 12,502 3,404 3,408 3,210 3,688 13,710 3,467
EBITDA 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Subsea 238 311 358 409 1,316 405 540 530 584 2,058 507
Maintenance, Modifications and
Operations 173 187 148 178 686 167 59 72 102 401 58
Engineering 65 57 60 92 273 91 84 102 191 467 125
Field Design 238 244 208 270 959 258 143 174 293 868 183
EBIT 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Subsea 164 225 266 276 931 294 425 399 417 1,536 353
Maintenance, Modifications and
Operations 160 174 135 155 625 153 49 53 86 341 44
Engineering 54 49 50 76 229 80 82 89 134 384 111
Field Design 215 223 186 231 855 233 131 142 220 725 154
2015 Aker Solutions Preferred partner
Split per business area
April 29, 2015 First-Quarter Results 2015 Slide 25
Order intake 1Q 2013 2Q 2013 3Q 2013 4Q 2013 FY 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 FY 2014 1Q 2015
Subsea 18,855 3,800 3,367 2,668 28,691 4,423 18,463 1,791 2,630 27,306 1,996
Maintenance, Modifications and
Operations 2,942 2,157 1,219 5,761 12,079 1,173 2,251 1,056 2,473 6,953 2,170
Engineering 2,026 463 712 871 4,072 376 782 852 1,127 3,137 4,903
Eliminations (98) (96) 29 (4) (169) (41) (39) (49) (61) (190) (28)
Field Design 4,870 2,524 1,959 6,628 15,982 1,508 2,993 1,859 3,539 9,899 7,045
Order backlog 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015
Subsea 26,191 25,393 25,165 23,584 23,973 38,508 35,015 33,702 30,401
Maintenance, Modifications and
Operations 12,969 12,690 11,642 14,939 13,453 13,373 12,040 12,684 12,497
Engineering 2,911 2,611 2,616 2,643 2,154 2,053 2,050 1,982 5,479
Eliminations (131) (188) (109) (51) (51) (49) (55) (56) (50)
Field Design 15,748 15,114 14,150 17,530 15,556 15,376 14,035 14,609 17,927